FP Event: Harnessing the Potential of Population Aging
FP Event: Harnessing the Potential of Population Aging
Insights and Opportunities for Development Finance
Earlier this year, new projections from UNDESA revealed that by 2050, the proportion of people over 65 years old will rise to 16 percent of the global population, compared to 10 percent in 2022. These demographic trends are affecting countries and economies around the world. The economic costs of inadequate preparation for population aging could be significant. Additionally, economists predict that fiscal and monetary policy may diminish in effectiveness as the productive labor force shrinks due to population aging. In light of these trends, major multilateral development banks and international financial institutions have a pivotal role to play in overcoming the challenges and harnessing the opportunities presented by population aging.
On the occasion of the IMF/World Bank Annual Meetings, this event featured leaders from across the financial sector who will shine a light on the economic and social impacts from demographic change, strategies for mainstreaming aging across international financial institutions, and ways to deepen collaboration with the public sector and civil society. The discussion will be underpinned by new research by FP Analytics, produced in partnership with AARP, that illuminates the innovative ways in which units within major international financial institutions are beginning to focus on demographic change and what more can be done to support older adults, particularly in low- and middle-income countries.
Join the conversation with #BenefitsOfAging.
In Partnership With
Read FP Analytics' Harnessing the Potential of Population Aging Report
Dr. Toshiaki Hiromitsu
Minister of Finance at the Embassy of Japan In Washington, Visiting Scholar, the Policy Research Institute, Ministry of Finance
Dr. Hiromitsu is the Minister (Finance) at the Embassy of Japan in Washington, D.C., a post he has assumed in May 2021. He is also a Visiting Scholar at the Policy Research Inst...
Dr. Hiromitsu is the Minister (Finance) at the Embassy of Japan in Washington, D.C., a post he has assumed in May 2021. He is also a Visiting Scholar at the Policy Research Institute, Ministry of Finance (MoF).
Prior to his present position, Dr. Hiromitsu was Director of Policy and Research, Minister’s Secretariat, MoF, where he was in charge of overall planning and coordination of fiscal, monetary and growth policy in Japan. Dr. Hiromitsu has nearly 30 years of professional experience since joined MoF in 1992. During his recent carrier, Dr. Hiromitsu was responsible for issues including long-term projection of Japan’s fiscal policy, fiscal consolidation packages, budget of social security expenditures, economic package for COVID-19, government loans to local governments and medical institutions, and supervision of government-affiliated financial institutions. His experience includes services at the World Bank in Washington, D.C. (2000-2003), the Prime Minister's Office (2011-2013, Noda and Abe Cabinet), and the Reconstruction Agency for the Great East Japan Earthquake (2013-2015).
Dr. Hiromitsu is also active as an academic scholar. After earning B.A. in liberal arts from the University of Tokyo, he obtained M.Phil. in economics from University of Oxford and Ph.D. in economics from Hitotsubashi University. His fields of studies are macroeconomics, finance, experimental economics, health economics, ethics and political philosophy. His recent interest is intergenerational ethics, which is aimed at solving the long-term policy issues such as climate change and fiscal consolidation. The study, which applies ethics, game theory, and experimental economics, is published in his book titled Resolving Intergenerational Issus by Philosophy and Economics: An Approach from Experimental Economics.
Dr. Maitreyi Bordia Das
Practice Manager, Urban, Disaster Risk Management, Resilience and Land Global Practice, World Bank
Maitreyi Bordia Das is a leading voice on sustainable development, equity and inclusion, with a career that spans government, academia, the UN system and the World Bank. In her ...
Maitreyi Bordia Das is a leading voice on sustainable development, equity and inclusion, with a career that spans government, academia, the UN system and the World Bank. In her current role as Practice Manager and Advisor to the Global Director in the Urban, Disaster Risk Management, Resilience and Land Global Practice of the World Bank, she oversees several flagship programs, including the Global Partnership for Results Based Approaches (formerly, GBOPA) and the Tokyo Development Learning Center. Previously, Maitreyi was the World Bank’s first Global Lead on Social Inclusion. Based in Washington DC, Maitreyi leads a talented group of professionals who work on urban development, resilience and inclusion. Maitreyi has led and advised several research and policy initiatives in urban development, resilience, water security, health, social protection and social development. She was the lead author of the World Bank report Inclusion Matters: The Foundation for Shared Prosperity, that has influenced global thinking on issues of inclusion. Most recently, she co-chaired a special collection on Healthy Dry Cities for the British Medical Journal and has written and spoken at international events on issues of inequality and exclusion in the provision of infrastructure.
Having started her career as a lecturer in St Stephen's College, University of Delhi, Maitreyi has also been a MacArthur Fellow at the Harvard Center of Population and Development Studies and an advisor to the United Nations Development Program. She has a PhD in Sociology (Demography) from the University of Maryland. In her personal capacity she serves as advisor to several grassroots organizations in her home state of Rajasthan. Before joining the World Bank, Maitreyi was in the Indian Administrative Service (IAS).
Dr. Marco Stampini
Social Protection Lead Specialist, Inter-American Development Bank
Marco Stampini is the Social Protection Lead Specialist at the Inter-American Development Bank. His work focuses on the elaboration, execution and evaluation of social protectio...
Marco Stampini is the Social Protection Lead Specialist at the Inter-American Development Bank. His work focuses on the elaboration, execution and evaluation of social protection strategies and projects, with a focus on cash transfers and long-term care. He is originally from Italy, and holds a PhD in economics from the Sant’Anna School of Advanced Studies.
Senior Economist, International Monetary Fund
Csaba Feher is a senior economist at the IMF’s Fiscal Affairs Department. Prior to joining the Fund, he worked at the World Bank covering public and private pension and other ...
Csaba Feher is a senior economist at the IMF’s Fiscal Affairs Department. Prior to joining the Fund, he worked at the World Bank covering public and private pension and other social insurance issues. As a lead economist at the Fiscal Council and at the National Bank of Hungary, he was in charge of pension expenditures and sustainability analyses. His private sector experience includes being the first Managing Director of the Private Pensions Guarantee Fund (Hungary) and working as an investment officer at the International Finance Corporation.
Vice President, AARP International
As Vice President of International, Peter Rundlet develops and executes AARP's international strategy to position AARP as the global thought leader on aging. An accomplished str...
As Vice President of International, Peter Rundlet develops and executes AARP's international strategy to position AARP as the global thought leader on aging. An accomplished strategic thinker and visionary leader, Rundlet leads the enterprise-wide strategic direction for international engagements, including programmatic, policy, and operational activities. Rundlet's extensive background working to achieve positive and durable social change includes key posts both inside and outside government. Before joining AARP, Rundlet served as the Director of International Strategy for the Obama Foundation, where he spearheaded the design and development of the organization's international programs. Prior to that post, Rundlet served as Managing Director and Head of the Washington, DC office of the human rights foundation Humanity United. Rundlet also served as Deputy Assistant to the President and Deputy Staff Secretary for President Barack Obama, and he was the Vice President and Managing Director for National Security and International Policy at the Center for American Progress. Prior to coming to CAP, Rundlet served as Counsel for the National Commission on Terrorist Attacks Upon the United States (the 9/11 Commission). Rundlet also served in President Clinton's White House, first as a White House Fellow, working in the Office of the Chief of Staff to the President, and later as Associate Counsel to the President. Earlier in his career, Rundlet was an Assistant Counsel for the NAACP Legal Defense and Educational Fund, where he litigated voting rights, housing, school desegregation, and employment discrimination cases. A former Peace Corps Volunteer in Honduras, Rundlet holds a master's degree from the Fletcher School of Law & Diplomacy at Tufts University, a law degree from the University of Pennsylvania Law School, and a bachelor’s degree from Brown University.
Managing Director, FP Analytics and Events
Allison Carlson is the Managing Director of FP Analytics, Foreign Policy’s independent research and advisory division, and FP Events. She oversees FPA’s cross-cutting resear...
Allison Carlson is the Managing Director of FP Analytics, Foreign Policy’s independent research and advisory division, and FP Events. She oversees FPA’s cross-cutting research at the intersection of policy, technology, and global markets, as well as Foreign Policy’s global dialogues and convenings. Prior to these roles, Ms. Carlson led FP Analytics' energy and technology team for over a decade, evaluating evolving climate and emissions policies and identifying opportunities for advanced technology deployment internationally. She received her Master's Degree from The Johns Hopkins School of Advanced International Studies (SAIS) in International Relations and International Economics. She has presented her work at a range of international conferences and before the United States Senate.
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